--- title: "Valero Energy Corp New | 8-K: FY2026 Q2 Revenue: USD 44.48 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294364001.md" datetime: "2026-07-30T12:17:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294364001.md) - [en](https://longbridge.com/en/news/294364001.md) - [zh-HK](https://longbridge.com/zh-HK/news/294364001.md) generator: "portal-rs" --- # Valero Energy Corp New | 8-K: FY2026 Q2 Revenue: USD 44.48 B Revenue: As of FY2026 Q2, the actual value is USD 44.48 B. EPS: As of FY2026 Q2, the actual value is USD 12.62, beating the estimate of USD 10.1615. EBIT: As of FY2026 Q2, the actual value is USD 5.312 B. ### Overall Company Performance Valero Energy Corporation reported net income attributable to stockholders of $3.7 billion for the second quarter of 2026, an increase from $714 million in the second quarter of 2025. This translates to $12.62 per share in Q2 2026, compared to $2.28 per share in Q2 2025. Adjusted net income attributable to stockholders was $3.7 billion, or $12.54 per share, for Q2 2026. For the six months ended June 30, 2026, net income attributable to stockholders was $4,983 million, significantly up from $119 million for the same period in 2025. Adjusted net income attributable to stockholders for the six months ended June 30, 2026, was $4,960 million, compared to $996 million in 2025. Stockholder cash returns totaled $2.6 billion in the second quarter of 2026, and a regular quarterly cash dividend of $1.20 per share was declared on July 16, 2026. The effective tax rate for the second quarter of 2026 was 21 percent. General and administrative expenses were $233 million in Q2 2026, compared to $220 million in Q2 2025. For the six months ended June 30, 2026, these expenses were $518 million, up from $481 million in 2025. Operating income for the second quarter of 2026 was $5,196 million, a substantial increase from $997 million in Q2 2025. For the six months ended June 30, 2026, operating income was $6,927 million, compared to $97 million in 2025. Net cash provided by operating activities was $5.6 billion in the second quarter of 2026, up from $936 million in Q2 2025. Adjusted net cash provided by operating activities was $4.5 billion in Q2 2026, compared to $1,347 million in Q2 2025. For the six months ended June 30, 2026, net cash provided by operating activities was $6,970 million, compared to $1,888 million in 2025. Adjusted net cash provided by operating activities for the six months ended June 30, 2026, was $6,076 million, compared to $2,209 million in 2025. Capital investments totaled $350 million in the second quarter of 2026, including $290 million for sustaining the business. Capital investments attributable to Valero Energy Corporation were $346 million in Q2 2026, compared to $399 million in Q2 2025. For the six months ended June 30, 2026, capital investments attributable to Valero Energy Corporation were $776 million, compared to $1,010 million in 2025. Valero Energy Corporation ended the second quarter of 2026 with $9.1 billion of total debt, $2.2 billion of total finance lease obligations, and $7.9 billion of cash and cash equivalents. The debt to capitalization ratio, net of cash and cash equivalents, was 11 percent as of June 30, 2026. Total debt and finance lease obligations were $11,349 million as of June 30, 2026, compared to $10,619 million as of December 31, 2025. ### Refining Segment Operating income for the Refining segment was $4.5 billion for the second quarter of 2026, a significant increase from $1.3 billion for the second quarter of 2025. Adjusted operating income for Q2 2026 was $4.4 billion. For the six months ended June 30, 2026, operating income was $6,276 million, compared to $736 million in 2025. Adjusted operating income for the six months ended June 30, 2026, was $6,274 million, compared to $1,875 million in 2025. Refining throughput volumes averaged 3.0 million barrels per day in the second quarter of 2026, an increase from 2,922 thousand barrels per day in Q2 2025. For the six months ended June 30, 2026, throughput volumes averaged 2,932 thousand barrels per day, compared to 2,875 thousand barrels per day in 2025. Refining margin was $6,342 million in Q2 2026, up from $3,284 million in Q2 2025. For the six months ended June 30, 2026, Refining margin was $10,250 million, compared to $5,774 million in 2025. Refining margin per barrel of throughput was $23.62 in Q2 2026, compared to $12.35 in Q2 2025. Adjusted Refining operating income per barrel of throughput was $16.56 in Q2 2026, compared to $4.78 in Q2 2025. ### Renewable Diesel Segment The Renewable Diesel segment reported $717 million of operating income for the second quarter of 2026, a significant improvement from an operating loss of - $79 million for the second quarter of 2025. For the six months ended June 30, 2026, operating income was $856 million, compared to an operating loss of - $220 million in 2025. Segment sales volumes averaged 3.8 million gallons per day in the second quarter of 2026, up from 2,732 thousand gallons per day in Q2 2025. For the six months ended June 30, 2026, sales volumes averaged 3,432 thousand gallons per day, compared to 2,584 thousand gallons per day in 2025. Renewable Diesel margin was $879 million in Q2 2026, compared to $54 million in Q2 2025. For the six months ended June 30, 2026, Renewable Diesel margin was $1,181 million, compared to $59 million in 2025. Renewable Diesel operating income per gallon of sales was $2.06 in Q2 2026, compared to - $0.32 in Q2 2025. ### Ethanol Segment The Ethanol segment reported $318 million of operating income for the second quarter of 2026, an increase from $54 million for the second quarter of 2025. For the six months ended June 30, 2026, operating income was $408 million, compared to $74 million in 2025. Ethanol production volumes averaged 4.7 million gallons per day in the second quarter of 2026, up from 4,583 thousand gallons per day in Q2 2025. For the six months ended June 30, 2026, production volumes averaged 4,643 thousand gallons per day, compared to 4,525 thousand gallons per day in 2025. Ethanol margin was $489 million in Q2 2026, compared to $217 million in Q2 2025. For the six months ended June 30, 2026, Ethanol margin was $762 million, compared to $410 million in 2025. Ethanol operating income per gallon of production was $0.75 in Q2 2026, compared to $0.13 in Q2 2025. ### Outlook Valero Energy Corporation is continuing to advance the FCC Unit optimization project at the St. Charles Refinery, which is a $230 million initiative aimed at enhancing high-value product production. This project is still anticipated to be completed and operational in the third quarter of 2026. ### Related Stocks - [VLO.US](https://longbridge.com/en/quote/VLO.US.md) ## Related News & Research - [Essential Partners LLC Sells 3,903 Shares of Valero Energy Corporation $VLO](https://longbridge.com/en/news/296324644.md) - [Deutsche Bank AG Sells 116,711 Shares of Valero Energy Corporation $VLO](https://longbridge.com/en/news/296320029.md) - [Diversify Advisory Services LLC Invests $1 Million in Valero Energy Corporation $VLO](https://longbridge.com/en/news/296454381.md) - [Private Advisory Group LLC Acquires New Position in Valero Energy Corporation $VLO](https://longbridge.com/en/news/296085819.md) - [Todd Asset Management LLC Purchases Shares of 93,275 Valero Energy Corporation $VLO](https://longbridge.com/en/news/295999875.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**